China has set its GDP growth target at around 6.5 percent for 2018, down slightly from the actual 2017 GDP growth rate of 6.9 percent, according to a government work report issued to the media on March 5.
Meanwhile, in 2018 China is aiming to keep its inflation rate at around three percent and to create over 11 million new urban jobs.
In 2018, China aims to cut 30.0 million mt of outdated steel production capacity and 150 million mt of outdated coal capacity.